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BRIEF-American Hotel Income Properties REIT LP Provides Update Regarding Hotel Operations And Distribution Policy

Published 2020-03-20, 07:51 a/m
Updated 2020-03-20, 07:54 a/m

March 20 (Reuters) - American Hotel Income Properties REIT LP HOT_u.TO :

* AMERICAN HOTEL INCOME PROPERTIES REIT LP PROVIDES UPDATE REGARDING HOTEL OPERATIONS AND DISTRIBUTION POLICY

* AMERICAN HOTEL INCOME PROPERTIES REIT LP - ALL 79 HOTELS ARE CURRENTLY OPEN FOR BUSINESS

* AMERICAN HOTEL INCOME PROPERTIES REIT LP - MARCH 2020 DISTRIBUTION OF US$0.038 WILL BE PAID ON APRIL 15, 2020

* AMERICAN HOTEL INCOME PROPERTIES REIT LP - TEMPORARY SUSPENSION OF MONTHLY DISTRIBUTIONS STARTING APRIL 2020

* AMERICAN HOTEL INCOME PROPERTIES REIT LP - COST SAVING AND CASH MANAGEMENT STRATEGIES HAVE BEEN IMPLEMENTED TO PRESERVE CASH AND LIQUIDITY

* AMERICAN HOTEL INCOME PROPERTIES REIT LP - DECLINE IN OCCUPANCY RATES IN PAST WEEK AS A RESULT OF SOCIAL DISTANCING MANDATES, TRAVEL RESTRICTIONS

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